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Lehman Comes Back From the Dead

6 pointsby acakalmost 13 years ago

1 comment

Yrlecalmost 13 years ago
Can anyone explain how they only will be able to pay back 18¢ on the dollar? I understand that the company was heavily over-levered and therefore became insolvent but did their assets really fall that much relative to their debts? The market has recovered since the crash so I would have thought that their assets would be worth much more than that.